Sovereign Debt Stress Spreads: Japan, UK, France, Italy Face Rising Long-Term Yields

Long-term interest rates are rising across major economies—Japan, UK, France, Italy—as markets price in fiscal deterioration, not just oil and US rate spillovers. The shift signals waning investor patience with high deficits, raising sovereign financing costs and constraining future crisis response. The trend is broad-based but gradual, with no acute trigger yet.